What are the Medicare Premiums, Coinsurance, and Deductibles for 2011?

what are medicare deductibles

This is the 2011 list of Medicare premium, Medicare deductible, and Medicare coinsurance rates. All of these Medicare rates will be effective in 2011.

Medicare Premiums for 2011

Medicare Part A – Hospital Insurance Coverage:

  • Individuals who have 40 or more quarters of Medicare -covered employment by themselves, or their spouse do not need to pay a premium.
  • For those with 30-39 quarters of Medicare covered employment your Medicare Part A premium is $248.00 per month.
  • If you’re not otherwise eligible for the premium-free hospital insurance and have less than 30 quarters of Medicare-covered emplyment your Medicare Part A premium will be $450.00.

Medicare Part B – Medical Insurance Coverage:

The Medicare Part B premium will continue to be $96.40 or $110.50 for most beneficiaries during 2011. Medicare receiving beneficiaries who have the Social Security Administration withold their Part B premium and have incomes of less than $85,000 or $170,000 for joint filers will not have an increase in the Medicare Part B premium for 2011.

For all others the Medicare Part B monthly premium will be $115.40 in 2011, a 4.4% increase over 2011 rates. This premium is increasing due to the costs of Part B increasing. If your income is above $85,000 for a single, or $170,000 for a married couple, then you will see your Medicare Part B premium be higher than the $115.40 per month.


Deductibles and Coinsurance Amounts for 2011

Medicare Part A: Medicare part A pays for inpatient hospital care, skilled nursing facilities, and some other healthcare benefits. For each benefit period Medicare will pay all covered costs except the Medicare Part A deductible during the first 60 days (In 2011 the Medicare Part A deductible is $1,132), and coinsurance amounts for hospital stays that last between 60 days and no more than 150 days.

You will pay the following for each Medicare Benefit period:

  • Hospital Stays of 1-60 days, you pay: $1,132.
  • Hospital Stays for days 61-90, you pay: $283 per day till the 90th day.
  • Hospital stays for days 91-150, you pay: $566 per day upto the 150th day.
  • For all days over 150, you will pay 100% of costs associated with each day.

    Skilled Nursing Facility Coinsurance:

    You will pay $141.50 per day for days 21-100 of each benefit period.

    Medicare Part B: This coveres Medicare eligible physician services, durable medical equipment, outpatient hospital services, and some home health services.

    You will pay a yearly deductible of $162 for Medicare Part B. You will also pay 20% of the Medicare-approved amount for services after you meet your deductible.

    More information about Medicare Deductibles, Premiums, and Coinsurance for 2011 can be found on the official CMS fact Sheet, entitled: “Medicare Premiums, Deductibles for 2011 “.

    Source: medicareplanstoday.com

    Category: Insurance

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